BRAZIL / ENERGY: Alcohol Fuel programme: economic threat

Record ID: 645080

  • Title: BRAZIL / ENERGY: Alcohol Fuel programme: economic threat
  • Date: 10th August 1985
  • Summary: BRAZIL: Sao Paulo: EXT Heavy traffic along city centre highway Alcohol fuel pumps on service station (petrol station) forecourt, cars being filled with Alcohol fuel (Alcool Hidratado) Sugar cane being grown and harvested (to be processed into fuel) Sugar cane arriving at processing plant INT Sugar cane being processed into fuel in refinery EXT Ford car factory - and Ford sign INT Ford Factory production line with alcohol car engines on racks Ford alcohol fuelled cars driven out of factory
  • Embargoed: 25th August 1985 13:00
  • Keywords:
  • Location: SAO JOAO AND SAO PAULO, BRAZIL
  • Country: Brazil
  • Topics: Environment,Transport,Energy
  • Reuters ID: LVA5E3776VEOSL5RQ359VTEA5V0L
  • Story Text: Despite the success of Brazils' Alcohol Fuel programme, the government is under increasing pressure to raise the domestic price of the fuel. About 800 million US dollars has been spent in support of the industry and until recently this money has been considered well spent. But the programme is now being measured in colder economic terms, becoming entangled in Brazil's broader financial crisis. The country has to sharply reduce an estimated 11 billion US dollar budget deficit this year. As a result, the alcohol fuel subsidy has been eyed as a prime target for cuts.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2014. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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